EXTENSION: Maxi Kleber to DAL for 3 yrs/$33M (thru 2025-26, age 34)

[DanSchwartzgan]

Not this season.  They extended him to keep him:


Mavericks, Maxi Kleber Finalizing Three-Year Extension
September 8th 2022 at 9:04am CST by Luke Adams 

Because Kleber’s extension will exceed the NBA’s extend-and-trade limits, he’ll be ineligible to be dealt for six months after his signing date. Even if the two sides finalize the agreement shortly, that six-month window will extend into March, well past the 2023 trade deadline, so Dallas won’t be able to move him until next offseason.

If anyone is interested, the language from FAQ #95 on Extend and Trades is below.  Seems to me this is setting up for THJ and expiring Powell to be outgoing at some point.  I think between the shooting of Bertans and the wing play of Green, Frank and Dorsey, Hardaway is replaceable.  The trick is finding the team that needs his services for the next three years:


95. Can a player be given an extension and traded at the same time?

Similar to a sign-and-trade arrangement (see question number 92), a team may sign an eligible player to an extension (see question number 58) and immediately trade him to another team. Such an "extend-and-trade" is limited to three seasons, which include any seasons remaining on the player's current contract1. The salary in the first season of the extension can have a 5% raise over the last season of the existing contract, and subsequent raises are limited to 5% of the salary in the first season of the extension. The5% limit also applies to both likely and unlikely bonuses.                                                                       

A player cannot be traded in an extend-and-trade after the season (for example, on draft day) in the last season of his contract, or in any season that might be the last season due to an option or ETO.

Since an extend-and-trade has greater limits than a regular extension (three seasons2 and 5% raises vs. four seasons2 and 8% raises) the rules restrict teams from extending and trading the player in separate transactions in order to circumvent these limits. If a team extends a player beyond the limits of an extend-and-trade (for example, if they sign a player to a four-year extension), they can't trade the player for six months. Conversely, a team cannot extend a player it receives in trade for six months, if the extension exceedsthe limits of an extend-and-trade3.                                                                                                

Extend-and-trade transactions are rare. To date they have only been used for Kevin Garnett (traded from Minnesota to Boston in 2007) and Carmelo Anthony (traded from Denver to New York in 2011).

A rookie scale contract (see question number 47) can be extended and traded in an extend-and-trade transaction, although there is no benefit to doing so. A rookie scale extension can be signed immediately after the player is traded (such as with James Harden's trade to the Rockets in 2012), and a rookie scale extension (see question number 58) can be much larger than the extension allowed through an extend-and-trade.